"Avalon" ASIC, announcement & pre-order. pre-order over. project started. - page 15.

SolarSilver

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Quote from: Xfinity on September 25, 2012, 08:44:19 AM

Quote from: loshia on September 25, 2012, 08:34:59 AM

Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

I have not recieved any mail yet...

Ditto here... I'm a bit surprised, as they want to have the wire transfers confirmed before they can do the second round to get rid of the other 100 reserved units. Wire transfers to China take sometimes up to a week, that leaves not much time until October the 8th.

Their FAQ states:

Quote

Wire Transfers - We are currently overwhelmed with keeping the site operational, once the order have calm down a bit we will begin the process the wire transfers, once you have received the appropriate information for the wire transfer you have 7 days(swift / proof of wire transfer) to complete said wire until the order is canceled.

http://forum.bitsyn.com/viewtopic.php?id=6

Xfinity

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Quote from: loshia on September 25, 2012, 08:34:59 AM

Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

I have not recieved any mail yet...

loshia

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Guy’s
Have somebody received email (or other) instructions about wire transfer? I am planning a short vacation. I want to sort this out before that.
Thank you very much

VeeMiner

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bitcoin hodler

Quote from: kano on September 25, 2012, 07:04:40 AM

I do permanently run an LTC litcoind and I even came 2nd in the logo competition for LTC when it first started

(actually I came 1st but they redid it coz someone didn't want my logo

)
But, no, I really think it's a complete lack of reality to think that LTC will ever be more than a footnote to BTC
The risk is simply: will BTC survive or not - a secondary crypto is not gonna take over if BTC dies ... IMO

I agree with that. If BTC fails then people won't trust another currency, which is more or less the same. LTC was made only for mining, it doesn't have any practical use ATM and I don't think that it will be too interesting in the future. That said, I have 3 CPUs mining LTC, just for "what if" reason.

kano

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Linux since 1997 RedHat 4

Quote from: disclaimer201 on September 25, 2012, 05:39:41 AM

Quote from: kano on September 25, 2012, 01:11:44 AM

Quote from: disclaimer201 on September 25, 2012, 12:42:20 AM

Quote from: kano on September 24, 2012, 09:24:44 PM

Quote from: ianbakewell on September 24, 2012, 08:49:15 PM

Stuff

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

Just wait and see when so called reality virtually hits the floor ;-). Everything is possible in the crypto universe. There are no ground rules. It is utterly possible that bitcoin goes down and/or altcoins may be worth as much as bitcoin, or as little as Btc. Bitcoin reputation hasn't been at its best lately, for various and justified reasons. Sorry for off-topic. Will shut up now. Good luck with sales.

I do permanently run an LTC litcoind and I even came 2nd in the logo competition for LTC when it first started

(actually I came 1st but they redid it coz someone didn't want my logo

)
But, no, I really think it's a complete lack of reality to think that LTC will ever be more than a footnote to BTC
The risk is simply: will BTC survive or not - a secondary crypto is not gonna take over if BTC dies ... IMO

disclaimer201

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Activity: 1526

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Quote from: kano on September 25, 2012, 01:11:44 AM

Quote from: disclaimer201 on September 25, 2012, 12:42:20 AM

Quote from: kano on September 24, 2012, 09:24:44 PM

Quote from: ianbakewell on September 24, 2012, 08:49:15 PM

Stuff

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

Just wait and see when so called reality virtually hits the floor ;-). Everything is possible in the crypto universe. There are no ground rules. It is utterly possible that bitcoin goes down and/or altcoins may be worth as much as bitcoin, or as little as Btc. Bitcoin reputation hasn't been at its best lately, for various and justified reasons. Sorry for off-topic. Will shut up now. Good luck with sales.

kano

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Linux since 1997 RedHat 4

Quote from: disclaimer201 on September 25, 2012, 12:42:20 AM

Quote from: kano on September 24, 2012, 09:24:44 PM

Quote from: ianbakewell on September 24, 2012, 08:49:15 PM

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Stuff

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

Lulz - reality please.

disclaimer201

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Activity: 1526

Merit: 1001

Quote from: kano on September 24, 2012, 09:24:44 PM

Quote from: ianbakewell on September 24, 2012, 08:49:15 PM

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Stuff

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

Highly unlikely for same reasons as existed the past two years or so. Btc2.0 already is out. It's called Ltc, only it makes transactions much faster than Btc.

malevolent

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Activity: 3472

Merit: 1722

Quote from: kano on September 24, 2012, 09:24:44 PM

How would anyone profit from that?
Seriously - think about.

Suddenly one day every miner (but 1) is unable to mine bitcoins coz some miner with >50% network power has modified their bitcoind to reject all external blocks and having >50% they might even be able to force that on the blockchain.
Then they can put whatever they like in the blockchain and cause havoc.

So what happens next?
That's the end of BTC - move on to BTC2.0 based on the blockchain before the moron who did the 51% attack
The person who did the 51% attack will very shortly have worthless BTC ...
Yeah I can see someone making a fortune out of spending a small fortune on ASIC ... NOT!

You really think any exchange is going to support a 51% attacked network and allow people to buy and sell until it's resolved?

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

They wouldn't necessarily have to 'destroy' Bitcoin, they could just profit from their power (albeit probably for a very short time) by double-spending (they could withdraw same bitcoins in other currencies on multiple exchanges).

kano

legendary

Activity: 4592

Merit: 1851

Linux since 1997 RedHat 4

Quote from: ianbakewell on September 24, 2012, 08:49:15 PM

If someone wanted to do a 51%, why would they pay retail?

We are talking about purchasing every order here...
Why would they bother? Why wouldn't they just take that loot and have their own asic made.
Save money and be stealth until the hashes hit.

I still wonder why the 51% attack even comes up in any of these ASIC discussions.
How would anyone profit from that?
Seriously - think about.

Suddenly one day every miner (but 1) is unable to mine bitcoins coz some miner with >50% network power has modified their bitcoind to reject all external blocks and having >50% they might even be able to force that on the blockchain.
Then they can put whatever they like in the blockchain and cause havoc.

So what happens next?
That's the end of BTC - move on to BTC2.0 based on the blockchain before the moron who did the 51% attack
The person who did the 51% attack will very shortly have worthless BTC ...
Yeah I can see someone making a fortune out of spending a small fortune on ASIC ... NOT!

You really think any exchange is going to support a 51% attacked network and allow people to buy and sell until it's resolved?

The only reason someone would want to do a 51% attack would be to kill bitcoin,
but in reality that would only be for a short period of time - until BTC2.0 came out.

crazyates

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Quote from: Bogart on September 24, 2012, 06:15:54 PM

Quote from: Isokivi on September 24, 2012, 08:54:14 AM

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s. One entity controlling 2.6TH/s is of no great concern to me. (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s. Not quite enough to make up 51% of the network hashing strength.

If a single entity has enough money to purchase all 300 orders, I'd say it's also possible they can put some spare change toward existing FPGA products to overcome that last 4% they need for a 51% takeover.

malevolent

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Activity: 3472

Merit: 1722

Quote from: Bogart on September 24, 2012, 06:15:54 PM

Quote from: Isokivi on September 24, 2012, 08:54:14 AM

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s. One entity controlling 2.6TH/s is of no great concern to me. (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s. Not quite enough to make up 51% of the network hashing strength.

This is definitely enough to be afraid, as less than 51% is required to disrupt the network. With some luck less than that will be enough, e.g. 40% of total hashing power would allow an individual to perform double-spends if he was lucky enough to mine more than half of the blocks (+25% luckier than avg. miner).

Bogart

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Quote from: Isokivi on September 24, 2012, 08:54:14 AM

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

The hashing strength of the entire network now exceeds 20TH/s. One entity controlling 2.6TH/s is of no great concern to me. (should it be?)

Even if one entity got all 300 units, that's still only 18TH/s. Not quite enough to make up 51% of the network hashing strength.

libertybuck

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Activity: 137

Merit: 100

Quote from: Isokivi on September 24, 2012, 08:54:14 AM

Quote from: arklan on September 23, 2012, 10:23:03 AM

Quote from: cedivad on September 23, 2012, 10:18:42 AM

Quote from: Carlton Banks on September 23, 2012, 10:13:32 AM

How does any of what you've said address the problem of this being an oversubscribed lottery, where the wealthy and fortunate get preferential treatment? How will it stop people who already have 50, ordering another 50?

Can you stop? Bitcoin will not solve your problems. Nor will losing (most probably) money on ASIC.

So? What's your point?

World is bad and everything is against me?

welcome ot the way the world works. bitcoin is a currency, not a commune. the security is distributed, not the wealth.

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

有点意思. 一个人花费自己的时间和精力替49个朋友连同他自己一共买了50个面包, 在某些人眼里看来就是不公平和不负责任.

Isokivi

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Activity: 910

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Items flashing here available at btctrinkets.com

Quote from: arklan on September 23, 2012, 10:23:03 AM

Quote from: cedivad on September 23, 2012, 10:18:42 AM

Quote from: Carlton Banks on September 23, 2012, 10:13:32 AM

How does any of what you've said address the problem of this being an oversubscribed lottery, where the wealthy and fortunate get preferential treatment? How will it stop people who already have 50, ordering another 50?

Can you stop? Bitcoin will not solve your problems. Nor will losing (most probably) money on ASIC.

So? What's your point?

World is bad and everything is against me?

welcome ot the way the world works. bitcoin is a currency, not a commune. the security is distributed, not the wealth.

There is a chanse that this product will be the first available asic, giving a single entity the controll of 2,6 or more TH/s in the first wave shipping out is irresponsible in that case.

ngzhang

hero member

Activity: 592

Merit: 501

We will stand and fight.

Quote from: Dhomochevsky on September 24, 2012, 05:45:16 AM

So, do I need to mail you guys if I'm interested in a couple of units and I'll get notified? Or being subscribed to the newsletter is sufficient to be notified?

do either of the two is ok.

Dhomochevsky

sr. member

Activity: 242

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So, do I need to mail you guys if I'm interested in a couple of units and I'll get notified? Or being subscribed to the newsletter is sufficient to be notified?

ngzhang

hero member

Activity: 592

Merit: 501

We will stand and fight.

some information updates:

4, outside China payment inquire, please contact :

[email protected] (notice the mail address is changed)

5, we need some time (approx. a few days) to deal with present orders. some necessary formalities also need some time. the wire-payment confirm mail will send a few days later.

6, the second wave is planned around this weekend. the exact time be given later.

about the inrush order mails (to me or to Yifu ), we will notify you when we fixed the secondary wave date. we promise.

cedivad

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I hope the 90% of people who where reading these last posts to completely disagree with what was written (bitcoin is for rich, rich will become richer, skipping the queue with large orders was unfair, etc).

disclaimer201

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Quote from: Carlton Banks on September 24, 2012, 03:12:42 AM

Quote from: ?? on ??

Quote from: Carlton Banks on September 23, 2012, 08:39:09 PM

People with less money (less than $40, 000) have been unfairly treated by this policy of allowing bulk customers to buy first. Irrefutably.

I would still like to hear what ngzhang has to say about this. He has had ample opportunity to explain thus far. No explanations forthcoming thus far.

Maybe Inaba can lend a hand and tell you what a prolapsing douchetard you are for feeling entitled to first grab at something that most of the people on the forum can't even afford. Then he'll offer to return your money.

And by Inaba, I mean the world.

Hmmm. I do feel entitled, you're right. To fair treatment.

If the bulk orders hadn't taken precedence, and I was still empty handed, I suppose I would still have been claiming that bulk buyers jumped the queue? I guess in the minds of all those trying to antagonise me in this thread, that I would find something else to complain about. There's no pleasing some trolls I suppose.

Fair treatment would have been nice, but it doesn't work that way. Let bitcoin be mined by the rich(er) for the rich, and everyone else will switch to an altcoin they can afford to mine and that isn't technically inferior. Really love to see how bitcoin will do in the future with losing a broader user base to ltc. I predict single digits for 2013. Good luck and farewell, so called community.

Topic: "Avalon" ASIC, announcement & pre-order. pre-order over. project started. - page 15. (Read 98445 times)